ANV Security Group's Board Authorizes Stock Buy-back
Poster: SySAdmin
Posted on August 2, 2012 at 7:14:01 AM
ANV Security Group's Board Authorizes Stock Buy-back
SHENZHEN, China, Aug. 2, 2012 /PRNewswire-Asia/ -- ANV Security Group Inc. (OTCBB:ANVS) today announced the company's Board of Directors has approved a stock repurchase program. Under the program, ANV Security Group is authorized to repurchase up to 10 million of its outstanding shares of common stock from time to time over the next 12 months in open market or privately negotiated transactions depending on prevailing market conditions and other factors. The repurchase program may be suspended or discontinued at any time. All purchases will be executed in accordance with federal securities regulations.
"At our current market valuation, we feel that the shares of the Company are highly undervalued," said Wilson Wang, Chief Executive Officer and Chairman of ANV Security Group. "We are making excellent progress in rolling out our technology within the China market and expect significant positive financial results in the coming quarters."
About ANV Group
ANV Security Group, Inc. (ANVS) was formally established in 2006 and became a public company in 2009 through a reverse merger transaction. Registered as a Nevada corporation, the Company currently trades on the OTCBB exchange under the stock symbol "ANVS". In 2010, the Company moved its headquarters from Vancouver, Canada to Shenzhen, a Special Economic Zone, in Southern China, where it continued to focus on research and development of its technology platforms and service solutions.
As a research and development company, ANVS developed and patented the world's first large-scale cloud-based intelligent video and security alarm technology, having been issued its patent in October 2009 (US2009/0265747A1). The patent and technology enables multi-platform security monitoring and alerts that are scalable for multinational enterprises and even home usage. Any triggered alarm instantly alerts users via SMS, e-mail, telephone, mobile phone, or a combination of any, worldwide, and captures the event images in video surveillance servers.
In 2011, ANV Security Group launched Global Intelligent Eye (GIE) to be a cost effective digital security monitoring solutions service provider for customers large and small. Tested in Canada and launched in China, GIE is focused on customer support and backend service for its multi-platform security monitoring and alerts in real-time through the internet or 3G networks. Customers are able to use a desktop computer, laptop, smartphone, or any other internet enabled device to visually monitor their locations where ANV devices have been installed.
Forward Looking Statements
This press release and the statements of representatives of ANV Security Group, Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with the Securities and Exchange Commission (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
Additional information is available at http://www.anvsecuritygroup.com
Contact: Investor Relations
Humayun Shakeel
Office: 86-755-86656426 Ext 8024
Mb: 0086-1326-7000-919
IR@anvsecuritygroup.com
SOURCE ANV Security Group, Inc.
ANV Security Group, Inc.
Web Site: http://www.anvsecuritygroup.com
SHENZHEN, China, Aug. 2, 2012 /PRNewswire-Asia/ -- ANV Security Group Inc. (OTCBB:ANVS) today announced the company's Board of Directors has approved a stock repurchase program. Under the program, ANV Security Group is authorized to repurchase up to 10 million of its outstanding shares of common stock from time to time over the next 12 months in open market or privately negotiated transactions depending on prevailing market conditions and other factors. The repurchase program may be suspended or discontinued at any time. All purchases will be executed in accordance with federal securities regulations.
"At our current market valuation, we feel that the shares of the Company are highly undervalued," said Wilson Wang, Chief Executive Officer and Chairman of ANV Security Group. "We are making excellent progress in rolling out our technology within the China market and expect significant positive financial results in the coming quarters."
About ANV Group
ANV Security Group, Inc. (ANVS) was formally established in 2006 and became a public company in 2009 through a reverse merger transaction. Registered as a Nevada corporation, the Company currently trades on the OTCBB exchange under the stock symbol "ANVS". In 2010, the Company moved its headquarters from Vancouver, Canada to Shenzhen, a Special Economic Zone, in Southern China, where it continued to focus on research and development of its technology platforms and service solutions.
As a research and development company, ANVS developed and patented the world's first large-scale cloud-based intelligent video and security alarm technology, having been issued its patent in October 2009 (US2009/0265747A1). The patent and technology enables multi-platform security monitoring and alerts that are scalable for multinational enterprises and even home usage. Any triggered alarm instantly alerts users via SMS, e-mail, telephone, mobile phone, or a combination of any, worldwide, and captures the event images in video surveillance servers.
In 2011, ANV Security Group launched Global Intelligent Eye (GIE) to be a cost effective digital security monitoring solutions service provider for customers large and small. Tested in Canada and launched in China, GIE is focused on customer support and backend service for its multi-platform security monitoring and alerts in real-time through the internet or 3G networks. Customers are able to use a desktop computer, laptop, smartphone, or any other internet enabled device to visually monitor their locations where ANV devices have been installed.
Forward Looking Statements
This press release and the statements of representatives of ANV Security Group, Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with the Securities and Exchange Commission (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
Additional information is available at http://www.anvsecuritygroup.com
Contact: Investor Relations
Humayun Shakeel
Office: 86-755-86656426 Ext 8024
Mb: 0086-1326-7000-919
IR@anvsecuritygroup.com
SOURCE ANV Security Group, Inc.
ANV Security Group, Inc.
Web Site: http://www.anvsecuritygroup.com